The situation we’re facing as a company and as individuals is unprecedented and changing at a pace all of us are working to keep up with. We are making the best decisions we can with two goals in mind: protecting employees, customers and their respective families, while trying our best to serve the millions of Americans who rely on us for increasingly vital technology that keeps them connected to their school and work, and for the appliances necessary to help them store and prepare food.
Company news
Best Buy has been named to the Dow Jones Sustainability Index (DJSI) for the eighth consecutive year. In addition to being included on the North America Index, we are one of only two U.S. retailers to be named to the Dow Jones World Index.
The indices rank the sustainability performance of the largest 2,500 companies in the world. They follow a best-in-class approach to measure and compare companies on environmental, social and corporate governance criteria. The Indices serve as a benchmarking tool for investors who incorporate sustainability performance into their portfolios.
Best Buy has joined Melinda Gates and a group of leading technology companies on a mission to double the number of underrepresented women of color (black, Latina and Native American) who earn computing degrees by 2025.
While women are severely underrepresented in the tech industry, the situation is particularly grim for women of color. In a study released today, Melinda Gates and McKinsey & Company report that the share of black, Latina and Native American women receiving computing degrees has declined from 6 percent to 4 percent over the past decade
Now the newly formed Reboot Representation Tech Coalition brings Best Buy together with Adobe, Applied Materials, BNY Mellon, Dell, Intel, LinkedIn, Microsoft, Oath, Qualcomm, Symantec and Melinda’s investment and incubation company, Pivotal Ventures, to invest $12 million to create opportunities for women of color.
Enterprise Comparable Sales Increased 6.2%
GAAP Diluted EPS Increased 28% to $0.86
Non-GAAP Diluted EPS Increased 32% to $0.91
Raising FY19 Financial Guidance
MINNEAPOLIS, August 28, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended August 4, 2018 (“Q2 FY19”), as compared to the second quarter ended July 29, 2017 (“Q2 FY18”). The company reported Q2 FY19 GAAP diluted earnings per share of $0.86, an increase of 28% from $0.67 in Q2 FY18.
Best Buy today announced we have agreed to acquire GreatCall Inc. in an $800 million deal that expands our reach in the large and growing health space.
GreatCall is a leading provider of connected health and personal emergency response services to the aging population, with more than 900,000 subscribers. It sells easy-to-use mobile phones and connected devices that provide a way for seniors to reach a medical professional at the touch of the button. That design allows aging consumers to live independently longer, while also providing peace of mind to their loved ones.